Vine Vault Financing
Vine Vault Llc, Limited Liability Company just submitted form D regarding $6.15 million equity and debt financing. The date of first sale was 2015-11-04. Vine Vault was able to fundraise $100,000 so far. That is 1.63% of the round of financing. The total private financing amount was $6.15 million. The fundraising form was filed on 2016-10-31. The reason for the financing was: Vine Vault LLC seeks to raise $3,150,000 in equity, and $3,000,000 in debt, for a total offering amount of $6,150,000.. The fundraising still has about $6.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Vine Vault is based in Alabama. The filler’s business is not disclosed. The form was submitted by William Long Attorney for Issuer as Filing Agent. The company was incorporated in 2014. The filler’s address is: 1301 Shiloh Rd. Nw, Suite 630, Kennesaw, Ga, Georgia, 30144. Elton Potts is the related person in the form and it has address: 1648 Taylor Rd., Unit 482, Port Orange, Fl, Florida, 32128. Link to Vine Vault Filing: 000161152516000001.
Analysis of Vine Vault Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Vine Vault sold 1.63% of the offering. The fundraising is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 96.72% smaller than the average of $3.05 million. Of course this should not be taken as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this fundraising is set at $50000. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Vine Vault Also
The Form D signed by William Long might help Vine Vault Llc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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